Piper upgrades GoDaddy with shares in ‘oversold territory’

Piper Sandler analyst Clarke Jeffries upgraded GoDaddy (GDDY) to Overweight from Neutral with a price target of $182, up from $180. The firm believes the shares have entered “oversold territory.” The stock is down 32% since the Q4 earnings report even though GoDaddy “is a remarkably consistent business,” the analyst tells investors in a research note. Piper believes the company is on track to post $13 in free cash flow per share in 2026, “easily justifying” a $180-plus stock price.